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STRATEGIES FOR THE GREEN ECONOMY

Strategies for the Green Economy

Published by: McGraw-Hill


More about the book...


Makower has been writing about business and the environment (in the US context) for twenty years, and he starts this book with an admission of error. He used to think, he says, that the green revolution would be led by consumers, but these days they are largely ambivalent even while many companies are seeking to improve their environmental practices. The key reason is that reducing energy use and waste improve the bottom line, and there is constant pressure from regulatory authorities. There has also been a new generation of up-and-comers in the business world, whether in engineering, marketing or product development, who believe that sustainability will eventually define the marketplace.

A surprising aspect of Makower's investigations is how many companies downplay their environmental initiatives. In some cases, this is because to make a claim simply draws the attention of green activists, and the attention usually turns into criticism.

A central problem is the lack of useful metrics to judge performance. Confusion is an even greater problem in marketing, where there is so much 'greenwash' that legitimate claims are buried. Makower points to some standards that are under development, and suggests that the system for rating the environmental impact of buildings could be a good model.

There are many interesting ideas here but no grand theme, let alone a solution. Maybe that is more related to the subject than any shortcomings of the author. For better or worse, the story of business and the environment is a work in progress.

- Derek Parker

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